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, and then have slowly been settling down and that was mostly because of superstorm sandy. so today with the level at this more palatable sort of level at 350,000 the big question is will today be just a blip or will this be the beginning of a trend, and that's what you really want to see. you want to see the level of layoffs continuing to at least stay the same and obviously you want to see them come down but at the same time you also want to see hiring happening and that's where that government jobs report that we focus on once a month, that's where that comes into play. we're going to get the next one next week, that government jobs report and the big worry, carol, that's hanging over all of this is the fiscal cliff. although we're still in the middle of wondering what congress is going to do about it, companies are already holding back hiring so that is clearly impacting the jobs market but the good news once again is the layoffs are slowing, down 12,000 to 350,000 last week. carol? >> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a n
crop sending prices sky high. who can forget superstorm sandy. damages as high as $50 billion raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number 2. >> cnn projects that barack obama will be reelected president of the united states. >> the next. more than just about
. there was a family flooded out by superstorm sandy, even one of our abc producers helped drive them to safety. their house was flooded so badly, they could not go back home. abc's ron claiborne has this incredible story. >> reporter: in the storm ravaged town of long beach, long island, on the day after hurricane sandy, we met barbara burns standing on the front porch of the house she called home for the past 48 years, the house had five feet of floodwater in it and, worse, 100 gallons of home heating oil stored in her garage had spilled into the water. she wanted to go to a shelter but her family had no way to go anywhere. almost every car in town had been damaged by the flood. so we gave them a ride. she, her daughter maureen, her two grandchildren and mccleary, the family dog, all squeezed in with a few possessions they could grab in a hurry. producer john s achlsantucci dr them to city hall where they caught a bus to the sheller. that's the last time we saw them until a few days ago when we met mrs. burn and maureen again at their little house on connecticut avenue. >> i really feel like
the super sto sup superstorm sandy. nicholas mcdonald and george pennington, thank you for coming in to see us. you guys are members of two bands, but you go to the same high school, right? >> yes. >> you live in tampa, florida, more than 1,100 miles away from the destruction here. what is it about what you saw on television and those images that made you want to help? >> mainly it was being from florida, we know all the issues that could happen with hurricanes. after seeing people losing their homes, i know how they feel about having all that heavy rain, all the storms going on. it's scary stuff. we were always the ones who get targeted. we wanted to help out this time. >> so what did you do? you talked to each other? you decided let's put on a concert, george? >> we knew something had to be done. so we worked together, came up with a plan, how to get it started. worked with the head master at our school to put up something, put up flyers around the school. talked to our friends. >> what was the reaction you got? >> it went really well. we got a lot of people coming out. everyone was so wi
Search Results 0 to 3 of about 4